Pogo Jet, DayJet, and Other Air Taxi Cos Grounded By Credit Crunch

The short-haul, on-demand aviation business was working, but
DayJet CEO says he can no longer raise the cash to buy the
planes. Pogo Jet postponed IPO and launch until next year. Also
affected: makes of very light jets, including Embraer, Honda, and
Cessna.
NYT